One of the ways a government secures the means to carry out its budgetary duties is by operating a Taxation system which involves the process of receiving taxes.

One definition of taxes describes them as financial charges or obligations levied on taxpayers who may be individuals or corporate/legal entities by the government for the purpose of government spending & various public expenditures.

This definition goes further to explain Tax compliance as referring to policy actions and individual behaviour aimed at ensuring that appropriate taxes are paid at the right time and the correct tax allowances and reliefs are secured.

This article will be focused on providing an overview of basic legal aspects & concepts of Taxation in Nigeria, with special attention on the following subtopics :

– Who is liable to pay Tax in Nigeria.

– The aim of Taxation in Nigeria.

– The types of Taxes payable in Nigeria.

– The Regulatory agencies in charge of ensuring compliance with the Legal Framework on Taxation in Nigeria.

– The difference between Tax avoidance and Tax evasion.

What Regulatory agency is charged with Tax compliance and enforcement in Nigeria?

The main government Regulatory agencies charged with ensuring Tax compliance in Nigeria are the Federal Inland Revenue Service (FIRS), a creation of the Federal Inland Revenue Service Act, as well the Internal Revenue Services of various component states in Nigeria.

Who is liable to pay Tax in Nigeria?

Every Nigerian adult citizen in paid employment or business, whether resident in Nigeria or not, and every company operating in Nigeria, as well as foreigners deriving their income from Nigeria, is liable to pay Taxes to the government of Nigeria.

What are the aims of the Taxation System in Nigeria?

The aims of Taxation in Nigeria are :

– the provision of revenue for the purpose of government spending and operation;

– the sourcing if revenue for the provision of needed infrastructure to the public;

– in some cases, the sourcing of revenue for welfare-based public expenditure.

What are the types of Tax payable in Nigeria?

The most notable classes of Taxes payable in Nigeria are:

– Company Income Taxes:- These are taxes imposed on the profits of a company from all its business sources and they are regulated by the Company Income Tax Act (CITA) and collected by the FIRS. The rate is 30% of total profits for companies with a gross turnover above 100 Million Naira minus all expenses for the period which a company made. 

– Withholding Taxes:- These are prior tax deductions of not more than 10% remitted to the relevant Tax agency on payments to a taxable 3rd party.

– Capital Gains Taxes (CGT):- These are taxes of not more than 10% charged on gains from asset sales governed by the Capital Gains Tax Act and usually used most in Land sale transactions.

– Stamp Duties :- These are taxes which can be levied as flat rate charges or ad-valorem  governed by the Stamp Duties Act and which are payable to State Inland Revenue agencies for individuals and the FIRS for companies. 

– Personal Income Taxes :- These are taxes imposed on the incomes of individuals be they trustees, employees or businessmen, regulated by the Personal Income Tax Act & is administered between the FIRS and State Internal Revenue agencies.

– Value Added Taxes (VAT)/Consumption Taxes :- These are charges of 7.5%  levied on the sale of specified goods and services and paid for by a product or service end-user. These taxes are governed by the various State Inland Revenue Services in Nigeria and regulated by their various VAT laws.

– Education Taxes pursuant mainly to the Education Tax Act :- These are taxes of 2% of assessable profits levied on all companies in Nigeria and is usually distributed between universities, polytechnics and colleges of education in Nigeria.

– Customs and Excise duties  collected by the Nigerian Customs Service by virtue of the Customs and Excise Management Act charged on imported goods being brought into the country . 

What is the difference between Tax avoidance and Tax evasion?

Tax avoidance involves lawful Tax non-compliance measures aimed at the reduction of a person’s Taxable income or Tax owed. 

Tax evasion on the other hand is the illegal Tax non-compliance in the form of either a refusal to pay Taxes at all or the practice of not declaring full taxable income in order to pay taxes at a greatly reduced rate. This is possible under Nigerian law with a maximum jail sentence term of 3 years.

Conclusion :- The Tax Regulatory regime applicable in Nigeria are too vast to be explained in full detail in the write-up, hence it is advisable to seek legal guidance on Taxation as it concerns your personal or business sector-specific circumstances.

After a considerable drop in cryptocurrency valuations, the odds are that the market has hit bottom. This means it is an excellent time to start buying cryptocurrencies in anticipation of a price pump in 2023.

This article looks at some of the top 10 cryptocurrencies with the most upside in 2023. The list is a mix of cryptocurrency blue chips and low-cost growth cryptocurrencies.

The Top 10 Cryptocurrencies with the most upside in 2023

To get started, let’s first do a quick overview of the ten high-potential cryptocurrencies to keep an eye on going into 2023.

1. Cardano  – Ethereum Competitor that is Scalable and has a Growing Ecosystem
2. Terra Classic – Penny Cryptocurrency with a Passionate Community
3. Cosmos – Top Web 3.0 Cryptocurrency that is Gaining Traction in Adoption
4. Chainlink – Undervalued Decentralized Oracles Cryptocurrency
5. Bitcoin – The number one Cryptocurrency is Now Trading at a discount
6. Ethereum – Top Smart Contracts Cryptocurrencies that Now Run on PoS
7. Dogecoin – Top Meme Coin with the Highest Potential in the Bullish Market
8. Quint – High Potential Cryptocurrency with Staking Opportunities
9. Shiba Inu – High Potential Meme Coin that is Making Inroads into the Metaverse
10. ApeCoin – One of the Most Popular NFT Crypto In the market

>>>Buy Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

An In-Depth Analysis of the Best Cryptocurrencies with the Most Upside in 2023

The decision to invest in cryptocurrency is no mean feat. With over 20k digital currencies out there and all with varying levels of risks, it can be difficult for investors who don’t know what they’re doing to get started

A lot depends on your choice when buying a cryptocurrency with high upside potential. To ensure that investors have an opportunity with reasonable risk-reward potential, we have narrowed down these 10 cryptocurrencies with high upside potential and a diverse risk profile.

Without further ado, let’s take an in-depth look at the top 10 cryptocurrencies with the most upside potential in 2023.

1.   Cardano

Cardano easily stands out among the best cryptocurrencies with the most upside in 2023. That’s because it is one of the most fundamentally strong cryptocurrencies in the market today. It is a platform blockchain that is scalable, secure, and, most importantly, decentralized. This makes Cardano one of the most credible Ethereum competitors in the smart contract space.

On top of that, Cardano is currently trading at a significant discount. From highs of over $2 back in 2021, Cardano is currently trading at $0.42. This means it is trading at a discount of over 80% from its most recent highs.

Going by the old investment analogy of buy low and sell high, Cardano is a cryptocurrency worth keeping an eye on in 2023. The best part is that, per the Cardano roadmap, there is much to look forward to between now and 2023.

This and Cardano’s strong community gives ADA the potential to 2x in the medium term. The odds are in its favor.

>>>Buy Cardano Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

2.   Terra Classic

Terra Classic is one of those cryptocurrencies that have made headlines throughout 2022. That’s because of the unexpected collapse that saw LUNA drop from a top 10 cryptocurrency to a penny coin.

While it was easy to write off Terra after its highly publicized collapse, the community has proven to be one of the most resilient in the cryptocurrency market. The strength of the Terra Classic ecosystem is most evident in the way they have introduced an accelerated toke burn. This has seen it emerge as one of the best-performing cryptocurrencies in recent months.

Going into 2023, there is every indication that Terra Classic is one of the cryptocurrencies with the most upside potential. That’s because of the recently introduced tax that aims to help accelerate the token burn. The fact that most top cryptocurrency exchanges support the burn gives Terra Classic even better prospects going into 2023.

This coupled with the fact that Terra Classic is still a respectable layer-1 for launching Dapps, makes it a top cryptocurrency to buy and hold for 2023.

>>>Buy Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

3.   Cosmos

Cosmos is one of the most fundamentally strong cryptocurrencies with strong upside potential for 2023. That’s because it has one of the cryptocurrencies that will be at the center stage if blockchain technology ever achieves mass adoption.

Cosmos aims to help Dapps from multiple blockchains create a network rivaling the centralized internet. So far, Cosmos has gained traction, and the number of projects using Cosmos is rising.

At the same time, Cosmos is getting more attractive to investors looking to earn a passive income from cryptocurrencies. Staking Cosmos is pretty easy, and anyone can do it. Thanks to Cosmos’ strong fundamentals, the number of long-term Cosmos stakers is on the rise. This has helped keep the price stable even as most other cryptocurrencies continue to see new lows.

This coupled with the fact that Cosmos is trading at an over 70% discount, means that it is quite attractive to investors as buying momentum starts returning to the market. With all these factors in ATOM’s favor, it is easy to see why it is a top cryptocurrency with strong upside potential in 2023.

>>>Buy Cosmos Crypto Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

4.   Chainlink

Chainlink is the number one decentralized oracle cryptocurrency in the market. So dominant is Chainlink in this market that it accounts for more than 65% of the market. More than $20 billion in assets within the cryptocurrency market rely on Chainlink for data.

Despite this dominance and the growing importance of Chainlink in the crypto market, LINK’s price has remained highly depressed for a long time. Even in the rallies that have taken place during the bear market, LINK hasn’t moved much.

Chainlink’s mismatch of price and fundamentals makes it a highly undervalued cryptocurrency. Now that it is trading at more than 70% off its most recent highs, the odds are that LINK will attract investor attention going into 2023. That’s why an investor is looking for a cryptocurrency that has significant upside potential going into 2023.

>>>Buy Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

5.   Bitcoin

Bitcoin is an obvious inclusion in our list of top cryptocurrencies with high upside potential in 2023. Like many other cryptocurrencies, Bitcoin has recently seen its valuation decline. Bitcoin’s current market capitalization stands at $386 billion, a significant drop from its peak market capitalization of over $1 trillion. This means it could be trading at a point of maximum pain, giving it a considerable upside potential if the market turns in 2023.

That’s because the cryptocurrency market moves in cycles, with periods of rapid gains and steep price drops. The opportunity to profit is there for those who take advantage of these cycles. For instance, in 2018, Bitcoin dropped from a high of $20k to a low of $3k. However, in the follow-up bull market that started in April 2020, Bitcoin gained significant upside traction, and by the end of 2021, Bitcoin hit a high of $69k.

Similarly, from the last peak of $69k, Bitcoin is now trading at a 70% loss. However, someone looking to buy Bitcoin in anticipation of another cycle is potentially buying BTC at a 70% discount, which is admirable for any investment out there. If past Bitcoin cycles are anything to go by, the odds are that Bitcoin could be 2X from its current price in the short term.

That’s because being the largest cryptocurrency by market capitalization and trading at a discount, BTC is now highly attractive to institutional investors.

>>>Buy Bitcoin Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

6.   Ethereum

Ethereum is a crypto project that has been around since 2015. It’s one of the most popular cryptocurrencies and is only second to Bitcoin on key metrics, such as adoption. Recently, it has rivaled Bitcoin, with the number of Ethereum addresses now outpacing those of Bitcoin.

Ethereum blockchain is the most popular digital ledger for supporting smart contract technology. It’s been used by thousands of different cryptocurrencies to operate their own networks, many with unique features or values relating thematically together as part of a metaverse, where users can interact within virtual worlds without actually being there physically. While there are many other platform blockchains in the market today, most developers choose Ethereum for its security and decentralization.

The Ethereum blockchain and ERC-20 framework have been a major success for many projects, including Shiba Inu, Chainlink, and pretty much all the large DeFi and Metaverse cryptocurrencies.

Now that Ethereum has shifted from a Proof-of-Work algorithm to Proof-of-Stake, Ethereum gas fees will likely go down over time. This will also mean a bigger incentive for Dapps developers. For investors, it means an even higher potential for value growth going into the future.

Despite all these developments, Ethereum is trading at record lows from its most recent highs of $4800. If you invest in Ethereum today, you will get in at a massive discount. It’s, without a doubt, one of the best cryptocurrencies to buy during the current market crash.

>>>Buy Ethereum Crypto Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

7.   Dogecoin

Dogecoin has always been a joke, but it seems the cryptocurrency is finally taking itself seriously. Since 2020 when Elon Musk started talking about it, Dogecoin has become a serious cryptocurrency to many investors.

The momentum that Dogecoin gained in 2020 saw it become one of the best-performing cryptocurrencies in 2021, rallying by over 12,000%.

While Elon Musk was the key trigger for Dogecoin’s price rally, Dogecoin has gained traction in its own right. For instance, Dogecoin has been used over the last two years by multiple large organizations for payments. As more of these organizations use Doge for payments, so will investor interest in DOGE. This makes it one of the top cryptocurrencies with significant upside potential in 2023 and beyond.

>>>Buy Dogecoin Crypto Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

8.   Quint

For investors looking for exponential gains in a short time, Quint is one of the best cryptocurrencies with significant upside potential in 2023. So, what exactly is Quint?

With a world of possibilities at their fingertips, Quint wants to make it easier for people to transition seamlessly between the real world and the Metaverse. To do so, they have created super staking pools that allow users exciting income opportunities.

When it comes to earning passive income, there’s no better way than with the new Quint. With just one deposit of 500 QNT, an investor receives an entry ticket into their prize competitions. The investments are guaranteed to return your initial investment and provide monthly wins.

Among the wins that Quint investors get to enjoy are top NFTs like the Bored Ape Yacht Club NFTs. Quint is currently offering a super staking pool with the chance to win an NFT from the BAYC collection. They also have a host of luxury items that investors can win. This makes Quint a highly attractive cryptocurrency for passive income in 2023. That’s because some of the prices they offer, such as NFTs, are also potentially good long-term cryptocurrency investments and can give investors a significant ROI in 2023. Besides, Quint is a relatively new cryptocurrency, and if you invest in Quint today, the potential for long-term exponential growth is high.

>>>Buy Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

9.   Shiba Inu

Some might think Shiba Inu is just another Dogecoin, but the similarities between these two coins end there. For one thing, it offers real-world utility to its holders with plans for future products and services that entrepreneurs within the community will create.

Imagine a world where you can buy your own piece of virtual land with Shiba Inu tokens. The Shiba Inu Metaverse is up and running, and though it is still in its initial stages, it is drawing a lot of investor interest.

At the same time, Shiba Inu is on the radar of cryptocurrency speculators, especially now that the broader market is trading at the bottom. That’s because Shiba Inu was one of the best-performing cryptocurrencies in the last bull run. At the time, anyone brave enough to buy Shiba Inu for as low as $100 was a millionaire by November 2021.

If the cryptocurrency market gains traction again in 2023, Shiba Inu could have strong upside potential. It is not surprising that Shiba Inu is one of the most searched cryptocurrencies today.

>>>Buy Shiba Inu Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

10.                 ApeCoin

ApeCoin entered the market in Q1 of 2022 in the middle of the cryptocurrency bear market. Despite the bearish trend across the market, ApeCoin became one of the best-performing cryptocurrencies at the time. That’s because it was the creation of the same people that created the trendy Bored Ape Yacht Club line of NFTs.

ApeCoin has also been gaining traction due to its potentially high utility in the Metaverse. That’s because ApeCoin is the currency for trade within the Otherside Metaverse. Given how fast Otherside and the Metaverse space, in general, are growing, it is not hard to see why ApeCoin is one of the best top cryptocurrencies with the most upside potential in 2023. To give you an idea of how much potential the Otherside Metaverse has, consider that top rappers like Eminem already have virtual concerts on the Other Side Metaverse.

ApeCoin’s potential as a cryptocurrency that could go up in 2023 is also evident in its market cap. Despite the fast-growing nature of the Otherside Metaverse and ApeCoin’s growing utility, this cryptocurrency only has a market capitalization of $1.6 billion. This gives APE the potential to 2X or more in 2023.

>>>Buy ApeCoin Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

How to Find High-Potential Cryptocurrencies

If you want to invest in cryptocurrencies that have strong upside potential in 2023, then make use of the tips below:

1.   Buy Cryptocurrency Dips

High-risk crypto trading can be an exciting but also a very risky venture. One way to reduce your risk is by buying cryptocurrencies at the depths of a bear market. That’s when cryptocurrencies are trading at 70 -90% off their most recent highs. The rationale is that you get in at a steep discount. This gives you the potential for maximum gains and the lowest risk possible.

For instance, cryptocurrency prices have been falling for the better part of 2022. Most are at 70-80% off their most recent highs. Now is an excellent time to buy cryptocurrencies with the most upside potential. Of course, you need to consider the fundamentals and not just throw money at any cryptocurrency.

2.   Consider a Cryptocurrency’s Market Capitalization.

Investing in crypto with the most significant upside is like playing Russian roulette. You never know when or where your next win will come from, but if you’re looking for some good odds, then it might be worth exploring small-cap projects that carry high potential returns on investment

The idea is that even a small increase in volumes can move the price and trigger FOMO. For instance, it would take billions of dollars in volume to significantly increase the price of Bitcoin. On the other hand, for a cryptocurrency with a market cap of $20 million, a few million dollars in volumes can see the price surge to heights never seen before.

For context, back in 2020, Shiba Inu had a very low market cap, and as FOMO kicked in, SHIB rallied by over 40,000,000%. Today, Shiba Inu has a market cap of $6 billion, and it may be difficult to repeat its 2020/21 price action.

However, many small-cap cryptocurrencies are where Shiba Inu was in 2020. These give investors the best potential upside in 2023.

3.   Get in at Presales

Crypto presales offer a chance for early investors to get in on the action and make money when projects go public. The idea is to get in when very few people know about a cryptocurrency, which is trading at a discount. By the time such a cryptocurrency hits major exchanges and traders FOMO in, the early investors are in significant profits.

The best thing about these cryptocurrency presales is that there is always going on at any given time. If you are looking for cryptocurrencies with a strong upside in 2023, now could be a good time to get into presales.

That said, it is important to note that the cryptocurrency presale is unregulated and is the wild west of investing. As such, before investing in cryptocurrency presales, make sure that the crypto you are eying is legit. Do as much due diligence as possible before you commit money to a cryptocurrency presale.

>>>Buy Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

Conclusion – Most Potential Cryptocurrency

The cryptocurrency market has been bearish for months now. While the market may look scary right now, anyone who has been active in the cryptocurrency market for a while knows that this is the best time to buy cryptocurrencies and sell them later at a higher price. If you have read this guide, you already know of the 10 cryptocurrencies with the most upside potential in 2023. Each is in an attractive price range now that most are trading at a discount of over 70%.

While all of the cryptocurrencies discussed above have significant upside potential, we believe Chainlink has the most potential of all the 10 discussed. Chainlink has market dominance in its market and has secured more than $20 billion of value even in this bear market. This makes it highly undervalued at current prices, and it will do well in 2023.

>>>Buy Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

FAQs

Which crypto has the best upside potential in 2023?

We believe that large-cap cryptocurrencies like Bitcoin and Ethereum have a lot of potential for growth in 2023. That’s because they are currently trading at a considerable discount. We also believe that meme coins and other low-cap best altcoins that tend to do well in bull markets could rally in 2022.

What Makes for a High-Potential Cryptocurrency?

The key factors to consider before buying a cryptocurrency are its fundamentals and the prevailing price. It is best to invest when prices are their lowest for maximum returns on your investment. This gives you the potential for maximum profits once the market starts to move.

Is Buying Potential Cryptocurrencies Safe?

Yes, it is safe to buy well known cryptocurrencies. You have the most upside potential when you invest in a cryptocurrency before the next rally. That’s because you get in when most people panic and distort the price.

>>>Buy Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

What is XRP? Is it a cryptocurrency? Is it similar to the most popular cryptocurrency out there, Bitcoin? The answer would be “no”. Ripple is so much more than that.

The first thing to know is that Ripple is a platform and its digital currency is called XRP. The Ripple platform is an open source protocol which is designed to allow fast and cheap transactions.

Today, we will introduce Ripple and explain how and why it’s expected to become the king of international transactions worldwide. We will also try to answer the following questions –  What is Ripple? Is XRP a good investment?” and “Should I buy it today?”

>>>Buy XRP Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

Ripple Explained

The first thing you have to know about Ripple is that it’s both a platform and a currency.

Ripple’s payment network is called RippleNet and the cryptocurrency is named Ripple XRP.

RippleNet connects banks and other big institutions and gives them the opportunity to transfer money and various other assets through the network.

Each transaction is recorded on a decentralized XRP ledger.

The payment network uses the Ripple XRP currency for all transactions. It reduces the time and money for cross-border payments.

It takes seconds for each transaction to be processed. In comparison, on the Ethereum network, it takes over 2 minutes, while for Bitcoin, it might take over an hour. Traditional banks are even slower, taking between 3-5 business days to complete an international transaction.

XRP can handle around 1,500 transactions per second. Bitcoin, for instance, can only handle around seven during one timespan.

Speed is one thing. The Ripple network also offers low transaction fees. Because of these benefits, numerous financial institutions from all over the world are already using Ripple.

Would you consider investing in XRP?

 >>>Buy XRP Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

The core idea of the Ripple platform is to be an open-source protocol that will allow fast and cheap transactions.

Here’s what the company says about its product on the official Ripple website:

“Ripple provides one frictionless experience to send money globally using the power of blockchain. By joining Ripple’s growing, global network (RippleNet), financial institutions can process their customers’ payments anywhere in the world instantly, reliably and cost-effectively. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. With offices in San Francisco, New York, London, Mumbai, Singapore and Sydney, Ripple has more than 200 customers around the world.”

Ripple was originally released in 2012, following Rippleplay. Ripple is a currency exchange, remittance network and a real-time gross settlement system (RTGS).

How Does Ripple Work?

The Ripple network is not associated with terms like block or blockchain. They use the term common ledger, instead. It is managed by a network of servers that independently validate and compare transaction records.

Unlike Bitcoin, which uses proof-of-work consensus, Ripple doesn’t rely on energy and intense computing power.

Ripple does use the blockchain data structure but it uses its own consensus protocol.

There are three kinds of nodes in the Ripple system:

• Validators: They are responsible for validating transactions. Anyone can become a validator but there’s a list of validators that can be trusted, kept by the gateway nodes.
• Regular nodes: Regular people/users.
• Gateway nodes: Registered financial institutions, merchants, exchanges and others. If you want to become a gateway node in the Ripple network, you have to get permission to form a trust chain.

Ripple’s consensus process goes on a shared public database between those who validate servers, ensuring integrity.

The validating servers can belong to anyone; from people to financial institutions, such as banks.

The Ripple protocol (XRP) is allowing near-instant money transfer between two parties. In addition, any type of currency can be exchanged, including fiat currencies, digital currencies, gold and other commodities. One of the biggest benefits of using Ripple is that fees are avoided and the lengthy wait times of traditional banking are cut down to seconds.

To conclude our introduction, Ripple is simply a payment network for financial institutions. Its main competitors are systems like SWIFT.

Ripple can also be traded but the main idea behind its creation was not becoming a payment method for purchasing things online. This road is saved for other cryptocurrencies like Bitcoin, for example.

In terms of the coin, Ripple has signed contracts with companies, banks and financial institutions to buy/sell the tokens. XRP is simply a vehicle to transport their money. They can’t be sold on the marketplace and cannot influence the price with buy/sell orders. Banks are buying directly from a centralized entity and by doing so, they won’t lose any money in the process.

The price of ripple on the market, on the other hand, is driven only by regular people and investors/traders looking to make a profit.

Let’s outline the beneficial features of Ripple once again:

• The inner Ripple coin is called XRP and it accepts any valuable equivalent;
• Ripple’s system is highly secured and better protected against hacking than Bitcoin;
• The successful development of the Ripple system relies on free and accessible programme codes;
• There are 100 billion coins in the Ripple system;
• All transactions on Ripple are built on a contractual basis there is no need for arbitration, meaning that any user can create their services, goods and currency exchange;
• No direct mining. You can swap Ripple or get it as a reward for participating in the calculation process;
• Full transaction history is saved on wallets;
• Participants of transactions in Ripple have no commissions for exchanging;
• Two-way transactions. Each transaction can be reversed in the opposite direction;
• No physical movement of funds;
• No risks of losing or getting your money stolen. 

Is It Worth Investing In XRP?

XRP has the potential to grow in the coming years and we believe that XRP is a buy as it is the best cryptocurrency to invest in today.

XRP currently trades at around $0.48, which can’t really compare with the value of Bitcoin or Ethereum, for instance. Also, unlike some other cryptocurrencies, you can’t mine Ripple. However, its value has significantly grown in the past year.

There are 100 billion coins created with 47% of them currently in circulation and the rest held by the company. Ripple is not selling the entire supply in the market at once because it could definitely have a negative effect on the price.

When deciding to invest in XRP or any other top cryptocurrencies, always keep in mind that it can be risky. Never invest more than you can afford to lose.

Now that you have some basic understanding of what the network looks like, you might decide to invest in XRP this year. It is not as popular and valuable as Bitcoin or Ethereum, however, it has a lot of potential and many individuals, as well as institutions, have recognised it.

XRP has increased in value a lot over the past few years, however, there’s plenty of room for improvement and growth. If the price starts to move up substantially, you will be hearing the name “Ripple” a lot more in the future.

>>>Buy XRP Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

Will XRP ever reach $1?

XRP will likely reach $1 again, given that the token traded above this level as recently as December 2021. Since $1 is a strong psychological level, it will likely be hard to break – so we’d need to see sustained upwards momentum for this to be achieved.

How Much Will XRP Be Worth In 5 Years?

Some experts predict Ripple XRP to reach the $10 mark in the next 7 years.

Taking that into consideration, as well as the fact that Ripple is currently working with over 150 banks and institutions from all over the world, including Bank of America and JP Morgan, you might think twice before deciding to invest in another cryptocurrency that’s not XRP.

To sum things up, Ripple’s goal is to make sure sending and receiving money through banks anywhere in the world happens instantly and at a very low cost. This is done through their XRP cryptocurrency which is steadily rising in value.

Ripple’s public ledger adds an additional layer of security to the transactions since the ledger is built on Ripple’s own blockchain that cannot be tampered with or changed.

In addition to transactions between banks, civilian peer-to-peer transactions are also possible, creating a lot of potential for Ripple/XRP in the years to come.

Moreover, CEX and European exchange BitPanda have added Ripple to their platforms.

If Ripple continues to work with more and more banks and increase access for everyday people to XRP, the future is most definitely looking good and that is one of the reasons more traders are considering investing in Ripple.

Ultimately, the technology behind Ripple is innovative and the people behind it are renowned experts. The community is excited to see how everything will play out in the future.

>>>Buy XRP Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

Should I Buy XRP Ripple?

As mentioned above, XRP is one of the best altcoins to buy right now and is well known for its large partnerships with financial institutions and other global corporations. Top banks have invested in Ripple for many years.

Who should consider adding Ripple XRP in their portfolios?

1. Day Traders: Ripple is highly volatile, therefore it could present many short-term trading opportunities.
2. Investors in the financial section: Since XRP is being used by mainstream financial institutions, it could be part of a portfolio based on that sector.
3. Bitcoin and other Cryptos traders: Some factors which influence Ripple token are different from those which impact other currencies. Thus, it could be used as a hedging tool when trading in other currencies.

>>>Buy XRP Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

So, Is It Worth Investing in XRP?

The main advantage of XRP over the rest of the other 20,000+ cryptocurrencies is that it’s currently being used by over 100 companies from every part of the world.

Ripple was designed to be used by banks, companies and financial institutions as a vehicle for transferring money with speed and precision. However, despite banks being the main target for Ripple, everyday people can use Ripple for money remittance purposes.

For instance, you can send $1,000 to someone living on the other side of the world and the money would reach them in less than 4 seconds. All that will cost less than 1 cent.

Ripple’s market capitalization is over two billion US dollars and is in the top 10 most popular cryptocurrencies in the world. Also, the Ripple network is trusted by users who consider it “promising” and “reliable”.

Ripple is an ideal way for people who need to transfer money from point A to point B as quickly as possible, without paying additional costs.

More and more companies and banks are implementing Ripple technology into their payment systems. With this trend, Ripple is likely to kill SWIFT’s monopoly on international bank payments.

The bottom line is that you should always do your own research. Make sure you carefully consider all the factors that affect the price of XRP before deciding whether or not to invest in Ripple (XRP).

>>>Buy XRP Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

Will Ripple actually hit the $10 mark price? This is the question that almost every XRP investor and individuals looking to invest in Ripple have been asking themselves.

Experts agree that XRP reaching $10 looks pretty achievable. In the long term, experts estimate the Ripple XRP value to keep rising, with a potential high of $25. PrimeXBT predicts Ripple to hit the $10 level and reach a possible high of $50.

But seeing that Ripple’s future price action is influenced by external factors – other than the market forces of demand and supply – it is hard to tell if it will ever reach $10. The general feeling, however, is that XRP prices will eventually rise above $10, but only if it wins the SEC case. Analysts at Coinpedia are, for instance, XRP will reach $10 sometime between 2025 and 2030 if it wins the SEC case.

When looking at Ripple’s future price action, you need to start by appreciating the fact that the cryptocurrency has had one of the most turbulent crypto industry experiences. In addition to the usual volatilities and market turns, it had also become the punching bag for the SEC, with the financial regulator accusing it of being a security. SEC then dragged its founders to court, alleging them of illegally selling unregistered securities offering in 2013.

But something interesting happened mid-April 2021. XRP’s push back saw it prevail in two discovery rulings. And while the SERC Vs. Ripple Labs suite is ongoing, these small wins excited the markets.

Today, Ripple is trying to recover from the drop that started in December 2021 and has returned 250% last year.

Seeing it bounce back to life, you probably can’t help but wonder if turbulence is over? Or if it will ever reach $10?

We answer these questions and tell you much more about Ripple’s possible future in this XRP price prediction guide.

Read on.

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Virtual currencies are highly volatile. Your capital is at risk.

So, Will XRP Hit $10?

Ripple has carved itself a niche in the crypto industry to become one of the most popular cryptocurrencies. Based on this popularity, there is a real possibility that Ripple’s value today would be more than or close to $10, were it not for the recent lawsuit setback.

The conviction that XRP would have reached $10 by now is backed by the fact that all its peers more than doubled their 2017/2018 highs in the 2021 crypto market run. For instance, Bitcoin tripled its 2017 high of $19,830 to set another ATH of $68,789.63. Ethereum, on the other hand, quadrupled its 2017 highs of $1,000 to set a new ATH of $4,891.70.

Ripple, which is already faster and more scalable than Bitcoin and Ethereum, reached $3.84 on 4th January 2018. But there is no telling how far up the just ended crypto market run would have taken Ripple if it was not fighting the SEC.

Ripple has what it takes to reach $10 and amass a $1 Trillion dollar valuation before the end of the year. Most of the factors supporting this growth include the fact that it is more scalable, faster in transaction processing, and lower transaction processing fees.

However, the key determinants of whether Ripple XRP reaches $10 by the end of the year will be the outcome of the SEC case against Ripple Labs and the prevailing market conditions. Crypto market experts believe that if the courts rule in favour of Ripple and at the point of market recovery, it will be highly likely that XRP trades above $10 before the end of the year, and vice versa.

The fact that Ripple’s future price action will, to a large extent, be influenced by the courts and not the markets have seen most analysts shy from commenting on XRP’s future price action.

Analysts at PrimeXBT, however, stand out with their overly bullish forecast of Ripple’s price action. They are of the opinion that by the end of 2021, XRP will have shot to $12 if the company wins against the SEC.

But Digital Coin Price isn’t as optimistic about Ripple’s future price action. The website uses technical analysis to forecast the price action of digital currencies, and their Ripple prediction is rather lustreless as it suggests that XRP will end 2022 trading at $1.57 and above $2 in 2023.

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Virtual currencies are highly volatile. Your capital is at risk.

Will Ripple Eventually Reach $100?

Ripple’s rush towards $100 is not impossible, but it will be a tall order. It would take the crypto coin to amass a market capitalization of over $10 Trillion – more than 5X the current value of the entire crypto industry.

Ripple investors and crypto market experts inclined to the idea that XRP will one day be worth $100 also agree that it will take time and a lot of effort. For starters, it has to beat the SEC and clear all uncertainties about its future.

It is true that Ripple had already been welcomed with warm hands into the crypto industry as multiple bank finance service providers are currently using and building programs on its blockchain. But it will take more than a few banks to help the blockchain thrust the value of its crypto-asset above $100.

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Virtual currencies are highly volatile. Your capital is at risk.

What Will Ripple Be Worth In 2025?

The price volatility of cryptocurrencies like Ripple and the unpredictability of the crypto market makes it impossible to accurately predict the value of a coin a few months or years down the line. And XRP’s case is further complicated by the lawsuit filed against its founders in the United States.

The value of XRP four years from today will, therefore, be largely influenced by the outcome of this litigation.

In the event that the indecisiveness of the SEC/Ripple labs persists into 2025, analysts at the RippleCoinNews website are confident that XRP will ride the crypto industry growth and leverage its popularity to reach $10.

Market analysts at Cryptonewsz, a crypto industry news and price forecasting website, are confident that Ripple will triumph against the SEC. They interpret the impact of this on the crypto industry by estimating that the altcoin will end the year 2025 trading at between $4 and $8.

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Virtual currencies are highly volatile. Your capital is at risk.

Where to Buy XRP

Now that you have a comprehensive understanding of our XRP price target, let’s focus on the investment process. If you’d like to buy XRP today, you’ll need to set up an account with one of the best altcoin exchanges that offer the coin as a tradable asset. Although there are numerous to choose from, we recommend opting for eToro.

eToro is an online trading platform with over 24 million users, offering a wide array of stocks, ETFs, commodities, currencies, and cryptos to trade. The platform has a fantastic reputation in terms of its safety, boasting regulation from the FCA, ASIC, CySEC, FinCEN, and FINRA. In addition, eToro ensures traders can trade cost-effectively thanks to its transparent fee structure.

If you buy XRP, eToro charges a flat 1% transaction fee, plus the bid-ask spread. This ensures that eToro’s trading fees are as low as possible and remain competitive with other top brokers and exchanges. In addition, since eToro offers fractional investing, clients can open crypto trades from as little as $10.

The deposit process is also streamlined, as users can fund their account using a credit/debit card, bank transfer, or e-wallet – with full support for PayPal, Skrill, and Neteller. Deposits are free to make (if made in USD) and arrive instantly for all payment methods other than bank transfer. The minimum deposit threshold is only $10, making it easy for beginner traders to start small and build their positions up.

eToro also offers a selection of helpful trading features, most notably, the platform’s ‘CopyPortfolio’ feature, which allows traders to invest in a professionally-managed portfolio with no management fees. Finally, eToro even offers one of the best crypto wallets on the market (called eToro Money), which can be downloaded for free and features advanced security protocols and support for a massive range of crypto assets.

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Virtual currencies are highly volatile. Your capital is at risk. 

XRP Price Prediction – Conclusion

Here is the takeaway from this XRP prediction guide.

Ripple’s most priced asset and the core driver of its prices is its sustainability. A conviction that drives the altcoin investor to purchase XRP coins and the crypto community to root for its success, trusting that it will always be around and that it will continue shaping the crypto industry positively. It is the belief in XRP’s sustainability that draws in more users and investors.

XRP is one of the best altcoins to buy today, it has undoubtedly had a tough time in recent months, driven primarily by the ongoing legal battle with the SEC. However, if XRP can come out the other side unscathed, there’s great potential for the XRP to hit the $10 mark.

>>>Buy XRP Now<<<

Virtual currencies are highly volatile. Your capital is at risk.